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Detroit family homeless after morning fire - Bangor Daily NewsPittsfield firefighters battle a house fire at 27 River Road in Detroit, the home of Madeline Wheeler and her two sons, on Monday, November 17, 2008. A faulty furnace is suspected in the blaze, which gutted the home. Wheeler had no insurance on the ...
Hartland's AQS acquires New Jersey firm - Milwaukee Journal SentinelNov. 3, 2008 | AQS Inc. of Hartland said today is has acquired the automated rate-quoting and underwriting unit of New Jersey-based Insurance Services Office Inc. The acquisition gives AQS, which provides automated insurance policy administration and ...
Ex-bingo chairwoman pleads guilty to theft - Buffalo NewsLee Ann Smith, 46, of Ridge Road, Hartland, admitted to fourth-degree grand larceny and was scheduled for sentencing Dec. 16 by Judge Matthew J. Murphy III. Assistant District Attorney Brian D. Seaman said Smith kept money from the games that was ...
Shamrock Village condos have edge in energy efficiency - Detroit Free PressProject: Shamrock Village, 87 ranch, 1 1/2 -story and 2-story detached condominiums that range from 1,150 to 1,654 square feet and are base priced from $149,900 to $169,900. Place: Redford Township. Developer: Triangle Development; vice president is ...
Officials say no to escort license - Milwaukee Journal SentinelCity officials slammed the door Monday night on an escort services permit application from a Hartland woman charged with being a prostitute at her home. Tonya May Karimi, 31, who police say advertised her services on Craigslist, asked city officials ...
Fidelity, Zenith, Intercontinental, Elumelu, Subomi-Balogun win awards ... - VanguardZenith International Bank, Fidelity Bank, Intercontinental Bank, Stanbic/IBTC and two prominent Nigerian bankers, Otunba Subomi Balogun and Mr Tony Elumelu, Group Managing Director, United Bank for Africa Plc on Saturday, in Washington, won accolades ...
ASSEMBLY RACE: Candidate hopes to keep home off auction block - Lockport Union-SunState Assembly candidate Paula Banks-Dahlke said she expects to be able to prove next week that she and her husband have taken the necessary steps to stop their home from being auctioned off as part of a foreclosure proceeding. The Republican ...
EDITORIAL: In Assembly races, keep one incumbent, lose another - Lockport Union-SunSeveral local races are being held for seats in the New York State Assembly. In the 138th District, incumbent Francine DelMonte (D, Wor) is facing challenger Paula Banks Dahlke (R, C, I). The district includes the city of Niagara Falls and the towns ...
Climate Change: A Window of Opportunity - Common DreamsOn the surface, our lives run on as usual, with ordinary obligations and ordinary successes - mortgage payments, leaking faucets, overdue library books, deadlines met, milestones marked and moved beyond. And yet while all this ordinary life has been ...
Rigby beats last-minute write-in campaign - Register CitizenIn just seven days, Norfolk attorney William O. Riiska convinced thousands of voters to write in his name for state representative in the 63rd District. But it was not enough to beat the only candidate whose name appeared on the ballot, political ...
Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
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